(1)
SECURITIES AND EXCHANGE BOARD OF INDIA .....Appellant Vs.
ABHIJIT RAJAN .....Respondent D.D
19/09/2022
SUPREME COURT OF INDIA
Insider Trading – Price Sensitive Information – The decision by the Board of Directors of GIPL to terminate contracts was held to be price sensitive information under Section 2(ha) of the SEBI Regulations – The termination had the potential to place existing shareholders in an advantageous position – The sale of shares by the respondent before the information was made publi...
(2)
MRS. ETHEL LOURDES D'SOUZA LOBO .....Appellant Vs.
LUCIO NEVILLE JUDE DE SOUZA AND OTHERS .....Respondents D.D
19/09/2022
SUPREME COURT OF INDIA
Arbitration – Interim Measures – Section 9 confers wide powers on courts to secure the disputed amount before, during, or after arbitration but before enforcement under Section 36 – Court must assess if the applicant has a prima facie case, balance of convenience, and promptness in seeking relief [Paras 1-2].
Stay of Arbitral Award – Section 36(2) allows for st...
(3)
RAJU @ RAJENDRA PRASAD .....Appellant Vs.
STATE OF RAJASTHAN .....Respondent D.D
19/09/2022
SUPREME COURT OF INDIA
Criminal Law – Circumstantial Evidence – Murder – The conviction under Section 302 read with Section 34 IPC requires the circumstantial evidence to form a chain so complete that it conclusively points to the guilt of the accused, excluding any other hypothesis – There was no direct evidence or last seen evidence linking the appellants to the crime – Prosecution failed...
(4)
THE COMMISSIONER TRADE TAX U.P. .....Appellant Vs.
M/S RADICO KHETAN LTD. .....Respondent D.D
19/09/2022
SUPREME COURT OF INDIA
Tax Law – Transfer to Defraud Revenue – Section 34 of the U.P. Trade Tax Act applies only if the transfer of immovable property occurs during the pendency of proceedings under the Act with the intent to defraud tax dues – The transfer in this case was made before the reassessment proceedings began – Consequently, Section 34 does not apply, and the transfer is valid – ...
(5)
SURESH PASWAN .....Appellant Vs.
M/S. KLA CONSTRUCTION TECHNOLOGIES PVT. LTD. AND OTHERS .....Respondent D.D
16/09/2022
SUPREME COURT OF INDIA
Employees' Compensation – Permanent Disability – Compensation – The appellant, who suffered a 60% permanent disability due to a fall while working, was initially awarded compensation by the Commissioner based on a medical certificate – The High Court set aside this award based on a subsequent medical examination conducted after nine years, which found no permanent disab...
(6)
M/S STEEL AUTHORITY OF INDIA LIMITED .....Appellant Vs.
COMMISSIONER CENTRAL EXCISE AND CUSTOMS BHUBANESWAR .....Respondent D.D
16/09/2022
SUPREME COURT OF INDIA
Excise Duty – Modvat Credit – The appellant claimed Modvat credit on 'Guide Cars' under Rule 57Q, asserting they were 'components' of Coke Oven Battery – The classification of 'Guide Car' by the supplier under Chapter sub-heading 8603.00 was upheld – 'Guide Car' found not to be an integral part of Coke Oven Battery but distinct equipment used...
(7)
VIJAY KUMAR GOYAL (DEAD) THR. LR. .....Appellant Vs.
NEENA RANI AND OTHERS .....Respondent D.D
16/09/2022
SUPREME COURT OF INDIA
Stamp Duty – Agreement to Sell – Possession – The agreements in question did not convey possession of the immovable property, as the plaintiff was already in possession prior to execution – Entry No. 5 (cc) of Schedule 1-A applicable under Punjab Stamp Act requires stamp duty on agreements evidencing delivery of possession – The trial court and High Court's orders...
(8)
S.P. MANI AND MOHAN DAIRY .....Appellant Vs.
DR. SNEHALATHA ELANGOVAN .....Respondent D.D
16/09/2022
SUPREME COURT OF INDIA
Negotiable Instruments – Vicarious Liability – Section 141 of the NI Act – The High Court should not quash proceedings under Section 482 CrPC unless there is unimpeachable and incontrovertible evidence that a director/partner was not involved with the issuance of the cheque – The complainant must make specific averments regarding the role of the accused partner – Abse...
(9)
RAMESH .....Appellant Vs.
KARAN SINGH AND ANOTHER .....Respondent D.D
16/09/2022
SUPREME COURT OF INDIA
Motor Vehicles – Compensation – Enhancement – The claimant, who worked in the Merchant Navy, suffered an amputation of his right arm below the elbow, resulting in 70% disability – The High Court enhanced the Tribunal's compensation award to ₹1,482,000 but considered the claimant's income at ₹18,000 per month, assuming he worked only six months a year – Thi...